Trading of Innovations to Combat Globalization and Climate Change

Balkrishna C. Rao, Anantha Sundararajan and Shrikanth C. Rao

Challenge, 2008, vol. 51, issue 5, pages 70-83

Abstract: We know that innovation is vital to economic prosperity, especially over the past century. Can we now treat innovation as a commodity that can be traded in the financial markets? The authors propose an innovation derivative that can improve returns for investors in new pipelines of ideas.

Date: 2008

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